Tentamen (uitwerkingen)
Assignment 1 Answers Terms in this set (13) Accounts: Utilities Payable Related Transactions: Amounts owed for utilities. What is the Account Classifications? A liability Accounts: Cash Related Transactions: Cash available for use What is the acco
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Assignment 1 Answers
Terms in this set (13)
Accounts: Utilities Payable
Related Transactions: Amounts owed for utilities.
What is the Account Classifications? A liability
Accounts: Cash
Related Transactions: Cash available for use What is the account classifications? An Asset
Account...
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8/5/24, 7:22 AM
Assignment 1 Answers
Jeremiah
Terms in this set (13)
Accounts: Utilities Payable A liability
Related Transactions: Amounts owed for
utilities.
What is the Account Classifications?
Accounts: Cash An Asset
Related Transactions: Cash available for use
What is the account classifications?
Accounts: Salaries An expense
Related transactions: Cost of salaries
What is the account classifications?
Accounts: Common Stock Stockholders' equity
Related Transactions: Shares of ownership
sold to investors
What is the account classifications?
Accounts: Service Revenue A revenue
Related Transactions: Sale of services to
customers
What is the account classifications?
Related transactions: Change in owners' Statement of stockholders' equity
claim to resources
What is the financial statement?
Related transactions: Profitability of the Income statement
company
What is the financial statement?
Related transactions: Change in cash as a Statement of cash flows
result of operating, investing, and financing
activities
What is the financial statement?
Assignment 1 Answers
1/2